Win Advisors Inc. trimmed its holdings in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,429 shares of the semiconductor manufacturer’s stock after selling 891 shares during the quarter. Micron Technology makes up approximately 1.0% of Win Advisors Inc.’s holdings, making the stock its 21st biggest position. Win Advisors Inc.’s holdings in Micron Technology were worth $2,406,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MU. iA Global Asset Management Inc. raised its holdings in shares of Micron Technology by 18.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock worth $24,578,000 after acquiring an additional 23,117 shares in the last quarter. Generation Capital Management LLC purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $238,000. Wealthfront Advisers LLC raised its holdings in Micron Technology by 9.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after buying an additional 8,489 shares during the period. Westpac Banking Corp lifted its position in Micron Technology by 251.0% in the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after buying an additional 16,509 shares during the last quarter. Finally, Avanda Investment Management Pte. Ltd. bought a new stake in Micron Technology in the third quarter worth $418,000. 80.84% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on MU shares. Morgan Stanley boosted their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Susquehanna raised their target price on shares of Micron Technology from $345.00 to $525.00 and gave the stock a “positive” rating in a report on Monday, March 9th. JPMorgan Chase & Co. lifted their price target on shares of Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Stifel Nicolaus lifted their price target on shares of Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, HSBC lifted their price target on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and an average price target of $478.24.
Micron Technology Stock Performance
MU stock opened at $795.33 on Tuesday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $449.78 and its two-hundred day simple moving average is $356.05. Micron Technology, Inc. has a twelve month low of $90.93 and a twelve month high of $818.67. The firm has a market cap of $896.92 billion, a price-to-earnings ratio of 37.55 and a beta of 1.91.
Micron Technology Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were paid a $0.15 dividend. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s payout ratio is 2.83%.
Insiders Place Their Bets
In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 104,000 shares of company stock worth $45,458,400 over the last quarter. Company insiders own 0.24% of the company’s stock.
Micron Technology News Summary
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: D.A. Davidson reiterated a Buy rating on Micron and set a $1,000 price target, citing strong AI memory demand and tight supply conditions that could support higher pricing and margins. Micron Technology (MU) Stock Surges 5% on AI Memory Tailwinds and Supply Constraints
- Positive Sentiment: Multiple reports say Micron is benefiting from an AI-memory supercycle, with memory-chip shortages, strong DRAM/HBM pricing, and sold-out high-bandwidth memory adding to optimism about earnings growth. Micron Rallies as Memory Chip Shortage Fuels AI Demand
- Positive Sentiment: Micron is drawing heavy trader attention after crossing the $800 level, with options flow and social-media buzz pointing to expectations for further upside as the stock’s momentum remains strong. Micron Technology Stock (MU) Opinions on Breaking $800 Barrier
- Neutral Sentiment: Commentary from investors and analysts continues to frame Micron as one of the biggest beneficiaries of the AI infrastructure buildout, with some price targets now far above current levels. Trading expert sets date when Micron stock will hit $3,000
- Neutral Sentiment: Micron has also become a popular stock among hedge funds, traders, and ETF managers, which reinforces momentum but does not by itself change the fundamentals. 5 AI Stocks Wall Street Is Watching Now: Nvidia, Micron, and More
Micron Technology Company Profile
Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.
Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.
See Also
- Five stocks we like better than Micron Technology
- Sell in May and Go Away—Starting With These 3 Stocks
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.
